The higher a country’s minimum wage, the higher the standard of living of the people. A good minimum wage will help tackle poverty and also, bridge the inequality gap. Minimum wage is the lowest pay a worker must be paid. It is usually legally backed and mandated by law. Some African countries have high minimum wages, while others have very low minimum wages. Below are top 5 African Countries With Highest Minimum wage in 2021:
The African country ranked with the best University, Seychelles pay the highest minimum wage in Africa. A Seychelles’ worker earns 5,276 dollars yearly, which could be converted to a little above 2 million Naira. The monthly salary for most Seychelles worker is now 424 dollars (approx. 163,498 Naira).
A Libyan worker earns up to 325 dollars ( approx. 125,323 Naira) monthly. The government also pays rent, power and water subsidy for their citizens. Libya is Africa’s fourth-largest country and among the largest in the world.
A Morrocan worker is paid about 265 dollars (101,627 Naira) per month if he works in the public sector, then the earning increases to 310 dollars (118,885 Naira) monthly. Morroco’s economy is capitalist and is one of Africa’s top quality-of-life country.
Workers in Gabon earn 225 dollars (86, 287.50 Naira) monthly as minimum wage. In addition to that, the Gabonese government pays 34 dollars per child (13, 039 Naira) as monthly allowance, in addition to other benefits. Gabon economy is oil-dependent and has helped increase the standard of living in the country.
5. South Africa
The minimum wage in South Africa is pegged at 3,500 Rands/ 213 dollars (81,685 Naira) monthly. South Africa is Africa’s second-largest economy (Nigeria is first). It also has one of the highest purchasing power parity in Africa.